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The first few weeks of January has started off strong for Toronto real estate sales. Buyers looking to get a head start on the market are seeing inventory level very scarce and multiple offers are now increasingly common. We are seeing no ill effects on demand as a result of the new mortgage qualification changes on January 1st. Certain markets in the 905 region are experiencing are more balanced market, but buyers looking to buy in the 416 should expect it to be competitive come spring. The coming weeks will be telling in whether the number of available properties will increase, making it easier for home buyers.
If you are interested in finding out how much your property is worth in this fast changing market, do not hesitate in contacting us today for a no-obligation market valuation!
Alex, Elaine and Otto
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| "Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB's MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016.
Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced. The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in response to the new OSFI stress test guidelines effective January 1, 2018."
Read More..
DECEMBER 2017
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| | | | | | Rental Prices Rise Sharply In The GTA Amid Low Vacancy, Fierce Tenant Competition
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| | "Apartment rents climbed sharply in the Greater Toronto Area in 2017 as population growth and low supply pushed vacancy levels below 1 per cent"
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GreenON Rebates for Insulation and High-Performance Windows
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| | "Protect your home from the outside elements with rebates for insulation, air sealing and select high-performance windows for your home!" |
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Rarely Available 2-Storey Loft In Midtown Toronto!
Property Type: Condo 2-Storey Size: 2000-2500 Sq Ft # of Bedrooms: 2 # of Bathrooms: 2
Neighborhood: C10 Mount Pleasant West SOLD!
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| Custom 2-Level Corner Sub-Penthouse, in Prime Downtown Harbourfront With Stunning Open Lake & City Views!
Property Type: Condo 2-Storey Size: 1800-1999 Sq Ft # of Bedrooms: 2+1 # of Bathrooms: 3
Neighborhood: C01 Waterfront Communities FOR LEASE! |
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ThinkTorontoHomes, Royal LePage Terrequity Platinum Realty
293 Eglinton Ave. East, Toronto, Ontario M4P 1L3 Canada www.thinktorontohomes.com | info@thinktorontohomes.com |
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